SAN MATEO, Calif. (AP) — SAN MATEO, Calif. (AP) — GoPro Inc. (GPRO) on Wednesday reported a loss of $2.4 million in its fourth quarter.
The San Mateo, California-based company said it had a loss of 2 cents per share. Earnings, adjusted for one-time gains and costs, came to 2 cents per share.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.
The action video camera maker posted revenue of $295.4 million in the period, also falling short of Street forecasts. Four analysts surveyed by Zacks expected $327 million.
For the year, the company reported a loss of $53.2 million, or 35 cents per share. Revenue was reported as $1.01 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GPRO at https://www.zacks.com/ap/GPRO
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